Retail & Stores Franchise opportunities to start in Hyde
Investing in a franchise in Hyde
Discover the franchise options waiting for you in Hyde, situated in South West England. On this page you'll find a selection of brands recruiting franchisees in the Gloucestershire area. Franchising is an opportunity to manage your own business, complete with training and marketing support. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business goals.
There are 634,000 people living in the Gloucestershire region. Residents in the 40-59 age group make up the largest portion of the population. The area has 321,100 economically active people, representing 84.8% of the population, with an unemployment rate of 3.4%. This rate is lower than the country's 4% national average. The average annual salary across the UK is close to £31,000. With a gross income averaging £30,049, residents of Gloucestershire have a salary in line with the national average.
The Retail industry could be the right choice for you
Across the United Kingdom, you will find 61 franchises operating in the Retail industry. There are three E Cigarette franchises, two Greeting Card franchises, two Cosmetic franchises, four Sweet Shop franchises and three Fashion franchises offering the opportunity to invest. Explore our available brands to find a potential match. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the Gloucestershire area, 26,000 people work for Retail businesses.
Three examples of available franchise business possibilities
If you're interested in the Retail industry, have a look at Cash Converters, a brand that opened in 1984. Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. The brand benefits from a strong network and good visibility, running in 200 franchise locations. You will need an initial investment of £100,000 to start your own Cash Converters business. Your personal investment should account for at least £39,000 of the total amount. You may want to think about getting a loan to start a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees.
You could also consider The London Vape Company, which has been in business since 2014. By joining its network of five franchisees, you could play a part in this up-and-coming brand's success. To start your own London Vape Company franchise, you will need to invest £60,000, of which at least £30,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. Financial assistance is available for eligible franchisees. See our website for details.
As a final Retail franchise option, take a look at Cash Generator. Launched in 1997, the brand has gained valuable experience and expertise over the past 23 years. The brand's network is vast, counting 700 outlets in the UK. You will need to invest £240,000 to start operating your own Cash Generator business, which is a substantial initial investment. Your personal investment should account for at least £80,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees.
If you would like to find out more about franchise opportunities in the Retail industry, have a look through our 61 available options. With 236 new business investment opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.